The German index fell slightly during the day on Monday, as we continue to follow the 20-day exponential moving average to the upside. This has been a
The German index fell slightly during the day on Monday, as we continue to follow the 20-day exponential moving average to the upside. This has been a very steady uptrend, and with that being the case I am looking for short-term pullbacks that show signs of support that I can take advantage of. I have no interest in shorting and I still believe that we are going to reach towards the €12,500 level to the upside. The €12,000 level below should continue to be the absolute bottom of the market, and I believe that the DAX leads many other indices higher as well.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
